Posted by Ray on June 29, 2009 under Main | 
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Well, we were wrong he got the maximum. I hope he finds all of the same bliss in prison as he created over the last 40 years. Now, on to the idiots who brought down the system!
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Posted by Ray on under Main | Be the First to Comment
Today there will finally be some justice for the investors of this epic fraud. Even though he will probably only get 20 or 30 years, may be the full 150, it is still a life sentence which is good. Anything less than 30 years would be uncivilized. However, since we are a bailout nation shouldn’t the government bailout those investors?
Seriously, at the end of the day it was way less than the banks needed and the DEC clearly failed investors. They need to be held accountable as well. What is amusing is the fact that he is going to jail, but no one from the securitization department or the ratings agencies are even charged with fraud. Those crooks lost trillions, yet here we are concentrating on Madoff, Wako “The Molester” Jacko’s death- who really cares?, While California was downgraded with negative outlook and they began issuing IOU’s to their counterparties all of which are more important, in my opinion, than Madoff. It is not that I do not want to see him in prison, simply he admitted it, but everyone else is free as a bird.
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